Zinia: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Zinia
Largest movements
- Tangible fixed assets -€23,298
down €23,298 (-3.7%), from €629,905 to €606,607
of which Land and buildings: -€21,997
- Other debts +€67,641
up €67,641 (+49.3%), from €137,319 to €204,960
- Reserves -€49,784
down €49,784 (-40.1%), from €124,136 to €74,352
of which Distributable reserves: -€49,784
- Debts after one year -€41,411
down €41,411 (-12.6%), from €327,778 to €286,367
- Gross operating margin +€8,209
up €8,209 (+47.8%), from -€17,167 to -€8,959
- Financial charges +€3,610
up €3,610 (+29.8%), from €12,107 to €15,717
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,571 | €612,194 | -€23,377 | -3.7% |
| Fixed assets | 21/28 | €629,905 | €606,607 | -€23,298 | -3.7% |
| Tangible fixed assets | 22/27 | €629,905 | €606,607 | -€23,298 | -3.7% |
| Land and buildings | 22 | €627,038 | €605,041 | -€21,997 | -3.5% |
| Plant, machinery and equipment | 23 | €990 | €423 | -€567 | -57.2% |
| Furniture and vehicles | 24 | €1,877 | €1,142 | -€735 | -39.1% |
| Current assets | 29/58 | €5,665 | €5,587 | -€79 | -1.4% |
| Amounts receivable within one year | 40/41 | €2,044 | €525 | -€1,519 | -74.3% |
| Trade receivables | 40 | €0 | €196 | +€196 | |
| Other amounts receivable | 41 | €2,044 | €329 | -€1,715 | -83.9% |
| Cash at bank and in hand | 54/58 | €2,861 | €4,217 | +€1,356 | +47.4% |
| Deferred charges and accrued income | 490/1 | €760 | €845 | +€85 | +11.1% |
| Total equity and liabilities | 10/49 | €635,571 | €612,194 | -€23,377 | -3.7% |
| Equity | 10/15 | €142,736 | €92,952 | -€49,784 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,136 | €74,352 | -€49,784 | -40.1% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €109,136 | €59,352 | -€49,784 | -45.6% |
| Amounts payable | 17/49 | €492,834 | €519,241 | +€26,407 | +5.4% |
| Amounts payable after more than one year | 17 | €327,778 | €286,367 | -€41,411 | -12.6% |
| Financial debts | 170/4 | €327,778 | €286,367 | -€41,411 | -12.6% |
| Amounts payable within one year | 42/48 | €165,056 | €232,874 | +€67,817 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Financial debts | 43 | €54 | €0 | -€54 | -100.0% |
| Credit institutions | 430/8 | €54 | €0 | -€54 | -100.0% |
| Trade debts | 44 | €1,017 | €1,236 | +€219 | +21.6% |
| Suppliers | 440/4 | €1,017 | €1,236 | +€219 | +21.6% |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Other amounts payable | 47/48 | €137,319 | €204,960 | +€67,641 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,179 | €23,298 | +€119 | +0.5% |
| Other operating charges | 640/8 | €1,707 | €1,810 | +€102 | +6.0% |
| Gross operating margin | 9900 | -€17,167 | -€8,959 | +€8,209 | +47.8% |
| Operating profit (loss) | 9901 | -€42,054 | -€34,067 | +€7,987 | +19.0% |
| Financial charges | 65/66B | €12,107 | €15,717 | +€3,610 | +29.8% |
| Recurring financial charges | 65 | €12,107 | €15,717 | +€3,610 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€54,161 | -€49,784 | +€4,378 | +8.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€54,161 | -€49,784 | +€4,378 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,161 | -€49,784 | +€4,378 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.